Shinwon신원

Shinwon's trailing revenue is up but profit has thinned sharply, and the share price has fallen about 42% over the past year.

Shinwon, a Korean apparel maker with an export OEM/ODM business and a domestic fashion brand segment, reported trailing twelve-month revenue of ₩1.14T to H1 2026 with a thin 2.2% operating margin and a 0.4% net margin. The stock closed at ₩1,034 on 2026-10-28, near the lower half of its 52-week range of ₩898 to ₩1,784. The data does not include any analyst ratings or price targets.

What stands out

• Trailing revenue of ₩1.14T is above the 2025 full-year figure of ₩1.09T, but 2025 posted a net loss of ₩2.6B after a ₩6.3B profit in 2024.
• Balance sheet leverage is high: liabilities are 197.5% of equity and borrowings stand at ₩36.1B against cash of ₩12.9B.
• Trailing free cash flow of ₩27.1B is well above trailing net income of ₩4.4B, and the data shows a 4.8% dividend yield.
• The share price is down 41.6% over one year, but up 8.8% over three months and down 5.5% over one month.
• Filings show repeated treasury stock acquisitions and a new share buyback decision dated 2026-10-28, plus several 5%+ holding reports; the data does not say who the holders are beyond these filings.

What to watch

• The next results release and whether margins recover from the current 2.2% operating level.
• Details of the 2026-10-28 share buyback decision, including size and timing, which are not in the data.
• Whether the fair value model's base case of ₩1,747 is a reasonable reference compared with the current ₩1,034 price; the model's bear case is shown as ₩0 and its bull case as ₩7,067, a very wide range.